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Potentially; another possible outcome is that $60 is passed to ownership and $20 passed to consumers. Companies these days are pretty aware of how price conscio
by edmundsauto 4y ago
Potentially; another possible outcome is that $60 is passed to ownership and $20 passed to consumers. Companies these days are pretty aware of how price conscious their customers are - they aren't going to lower pricing based on cost unless there is strong reason to (competition is the only one I can think of... but it looks to me like companies compete less these days due to a variety of factors, including brand loyalty and monopolistic behaviors).
- prepend 4y agoThat’s possible but due to the great invisible hands that created an opportunity for competition to come in with a lower price. There are many factors so it really depends. But automation has really benefitted customers through lower prices and higher quality so it’s hard to expect that these robots would result in owners pocketing the savings over previous robots.
- edmundsauto 4y agoAutomation has made cars higher quality, but I'm not sure it has made clothing better, or food. What it does do is create the cheapest options possible, edging away on quality to have a cost reduction. Whether consumers benefit from favoring quantity over quality is not clear, but "consumers" are also "workers" and are harmed in that way by automation too. It's complicated.